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"DacuSi, velope ID:49DCCCCF-BDED-4EDB-A3D5-579B6C96F48E
<br /> o Revenue Options: Description of potential available revenue sources such as:
<br /> impact/capacity fees; increase existing taxes and dedicating proceeds; new and/or
<br /> increased user fees; utilities: rates, fees, and districts; annexation fees; tax increment
<br /> financing; special assessment/benefit districts.
<br /> ■ Revenue Potential and Solving for the Shortfall: Discussion of revenue potential and what
<br /> level of additional increases would be needed to address deficits identified in Phase 2.
<br /> Hillsborough County City-County Planning Commission — Fiscal Impact Model
<br /> Project Contact: Shawn College, Environmental Planning and Research Team Leader
<br /> Phone: (813) 273-3774 Ext. 367
<br /> Email: colleges@plancom.org
<br /> This was a two-phase assignment that was conducted at both a macro and micro level. First, TischlerBise
<br /> conducted a countywide fiscal analysis of the current growth trend over a 25-year period. This included
<br /> dividing the County into 12 subareas, or fiscal analysis zones. The analysis indicated that the county is
<br /> unable to maintain current levels of service for new growth without new revenue sources or increases to
<br /> existing rates. The second phase involved developing a fiscal impact model that can be used to evaluate
<br /> specific development proposals at a micro level, similar to the State's FIAM model. The HCCCPC wanted
<br /> a Hillsborough County-specific model developed. In an interesting analysis prepared as part of our
<br /> implementation, several project-level analyses were prepared using both models. Opposite results were
<br /> generated by the models in three of the four analyses.
<br /> COMPARISON OF FISCAL IMPACT RESULTS
<br /> 20-YEAR CUMULATIVE IMPACTS
<br /> MODELHCCCPC STATE
<br /> Project County Schools Schools
<br /> Residential I:Small Lot Subdivision ($2,624,747) ($11,509,011) ($14,133,758) $3,043,480 ($806,224) $2,237,256
<br /> Residential 2:Medium Lot Subdvision $2,812,405 ($4,473,703) ($1,661,298) $5,833,412 $96,409 $5,929,821
<br /> Residential 3:Infill Apartments ($2,285,472) ($4,530,932) ($6,816,403) $594,406 ($1,114,718) ($520,312)
<br /> Nonresidential 1:Sho in Center $740,892 $1,183,326 $1,924,218 $842,526 $180,194 $1,022,720
<br /> Note: In order to facilitate a true comparison of results,the per capita inflation factors in FIAM are zeroed out to
<br /> reflect constant dollars,which is why the fiscal results for FIAM do not mirror the results from the County's report.
<br /> 12 TischlerBise
<br /> PISCOL ECONOMIC I P-ANKING
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